Mathematics, 20.04.2021 21:10 avaleasim

Mr. Brown opened a new account with a deposit of $4,000. - The account earned annual simple interest. - He did not make any additional deposits or withdrawals.
- At the end of 4 years, the balance was $4,400. What is the annual interest rate on this account? O 5%
O 2.5%
O 10%
O 7.5%

Answers: 2

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Mr. Brown opened a new account with a deposit of $4,000. - The account earned annual simple intere...